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A month-to-month lease is a type of periodic tenancy that automatically renews at the end of each period until either party terminates the agreement by providing proper notice. Typically, a notice of at least 30 days is required for valid termination by either the tenant or landlord. It's important for both parties to consult state and local laws to understand the specific time frames and rules regarding the termination of month-to-month leases, as these regulations can vary. Either the tenant or landlord can initiate termination with appropriate notice.